vs
LandBridge Co LLC（LB）与花花公子（PLBY）财务数据对比。点击上方公司名可切换其他公司
LandBridge Co LLC的季度营收约是花花公子的1.6倍（$56.8M vs $34.9M），LandBridge Co LLC净利率更高（14.2% vs 10.3%，领先3.9%），LandBridge Co LLC同比增速更快（55.6% vs 4.2%），LandBridge Co LLC自由现金流更多（$122.0M vs $1.1M），过去两年LandBridge Co LLC的营收复合增速更高（72.8% vs 11.0%）
花花公子集团（Playboy, Inc.）起源于1953年由休·海夫纳联合合伙人在美国芝加哥创立，初始部分资金来自海夫纳母亲提供的1000美元贷款，是美国知名生活方式与娱乐内容品牌，旗下核心《花花公子》杂志同时发行电子版与纸质版。
LB vs PLBY — 直观对比
营收规模更大
LB
是对方的1.6倍
$34.9M
营收增速更快
LB
高出51.3%
4.2%
净利率更高
LB
高出3.9%
10.3%
自由现金流更多
LB
多$120.9M
$1.1M
两年增速更快
LB
近两年复合增速
11.0%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $56.8M | $34.9M |
| 净利润 | $8.1M | $3.6M |
| 毛利率 | — | 73.3% |
| 营业利润率 | 60.0% | 7.9% |
| 净利率 | 14.2% | 10.3% |
| 营收同比 | 55.6% | 4.2% |
| 净利润同比 | -83.7% | 128.6% |
| 每股收益（稀释后） | $0.24 | $0.05 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收LBPLBY
| Q4 25 | $56.8M | $34.9M | ||
| Q3 25 | $50.8M | $29.0M | ||
| Q2 25 | $47.5M | $28.1M | ||
| Q1 25 | $44.0M | $28.9M | ||
| Q4 24 | $36.5M | $33.5M | ||
| Q3 24 | $28.5M | $29.4M | ||
| Q2 24 | $26.0M | $24.9M | ||
| Q1 24 | $19.0M | $28.3M |
净利润LBPLBY
| Q4 25 | $8.1M | $3.6M | ||
| Q3 25 | $8.1M | $460.0K | ||
| Q2 25 | $7.5M | $-7.7M | ||
| Q1 25 | $6.5M | $-9.0M | ||
| Q4 24 | $49.3M | $-12.5M | ||
| Q3 24 | $2.7M | $-33.8M | ||
| Q2 24 | $-57.7M | $-16.7M | ||
| Q1 24 | $10.8M | $-16.4M |
毛利率LBPLBY
| Q4 25 | — | 73.3% | ||
| Q3 25 | — | 76.0% | ||
| Q2 25 | — | 65.4% | ||
| Q1 25 | — | 68.6% | ||
| Q4 24 | — | 70.8% | ||
| Q3 24 | — | 61.0% | ||
| Q2 24 | — | 67.8% | ||
| Q1 24 | — | 55.8% |
营业利润率LBPLBY
| Q4 25 | 60.0% | 7.9% | ||
| Q3 25 | 60.8% | 4.7% | ||
| Q2 25 | 60.0% | -20.9% | ||
| Q1 25 | 57.0% | -21.7% | ||
| Q4 24 | 49.4% | -13.3% | ||
| Q3 24 | 11.2% | -96.0% | ||
| Q2 24 | -197.4% | -37.0% | ||
| Q1 24 | 71.1% | -31.5% |
净利率LBPLBY
| Q4 25 | 14.2% | 10.3% | ||
| Q3 25 | 15.9% | 1.6% | ||
| Q2 25 | 15.8% | -27.3% | ||
| Q1 25 | 14.7% | -31.3% | ||
| Q4 24 | 135.2% | -37.4% | ||
| Q3 24 | 9.3% | -114.7% | ||
| Q2 24 | -222.1% | -66.9% | ||
| Q1 24 | 56.7% | -58.1% |
每股收益（稀释后）LBPLBY
| Q4 25 | $0.24 | $0.05 | ||
| Q3 25 | $0.26 | $0.00 | ||
| Q2 25 | $0.24 | $-0.08 | ||
| Q1 25 | $0.20 | $-0.10 | ||
| Q4 24 | — | $-0.13 | ||
| Q3 24 | $-0.04 | $-0.45 | ||
| Q2 24 | — | $-0.23 | ||
| Q1 24 | — | $-0.23 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $30.7M | $37.8M |
| 总债务越低越好 | $570.7M | $174.2M |
| 股东权益账面价值 | $340.3M | $18.4M |
| 总资产 | $1.4B | $292.4M |
| 负债/权益比越低杠杆越低 | 1.68× | 9.48× |
8季度趋势，按日历期对齐
现金及短期投资LBPLBY
| Q4 25 | $30.7M | $37.8M | ||
| Q3 25 | $28.3M | $27.5M | ||
| Q2 25 | $20.3M | $19.6M | ||
| Q1 25 | $14.9M | $23.7M | ||
| Q4 24 | $37.0M | $30.9M | ||
| Q3 24 | $14.4M | $9.5M | ||
| Q2 24 | $24.6M | $16.9M | ||
| Q1 24 | — | $19.0M |
总债务LBPLBY
| Q4 25 | $570.7M | $174.2M | ||
| Q3 25 | $366.1M | $176.8M | ||
| Q2 25 | $370.9M | $177.5M | ||
| Q1 25 | $375.5M | $176.3M | ||
| Q4 24 | $385.5M | $176.6M | ||
| Q3 24 | $242.4M | $200.0M | ||
| Q2 24 | $360.8M | $196.3M | ||
| Q1 24 | — | $193.4M |
股东权益LBPLBY
| Q4 25 | $340.3M | $18.4M | ||
| Q3 25 | $272.0M | $3.8M | ||
| Q2 25 | $266.4M | $-17.5M | ||
| Q1 25 | $217.0M | $-11.4M | ||
| Q4 24 | $211.8M | $-7.7M | ||
| Q3 24 | $97.2M | $-15.7M | ||
| Q2 24 | $296.4M | $15.7M | ||
| Q1 24 | $162.3M | $29.5M |
总资产LBPLBY
| Q4 25 | $1.4B | $292.4M | ||
| Q3 25 | $1.1B | $278.3M | ||
| Q2 25 | $1.1B | $264.1M | ||
| Q1 25 | $1.0B | $270.6M | ||
| Q4 24 | $1.0B | $284.7M | ||
| Q3 24 | $689.9M | $271.5M | ||
| Q2 24 | $710.5M | $301.8M | ||
| Q1 24 | — | $309.1M |
负债/权益比LBPLBY
| Q4 25 | 1.68× | 9.48× | ||
| Q3 25 | 1.35× | 46.86× | ||
| Q2 25 | 1.39× | — | ||
| Q1 25 | 1.73× | — | ||
| Q4 24 | 1.82× | — | ||
| Q3 24 | 2.49× | — | ||
| Q2 24 | 1.22× | 12.51× | ||
| Q1 24 | — | 6.54× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $126.3M | $1.4M |
| 自由现金流经营现金流 - 资本支出 | $122.0M | $1.1M |
| 自由现金流率自由现金流/营收 | 214.9% | 3.2% |
| 资本支出强度资本支出/营收 | 7.5% | 0.8% |
| 现金转化率经营现金流/净利润 | 15.68× | 0.39× |
| 过去12个月自由现金流最近4个季度 | $207.7M | $-1.0M |
8季度趋势，按日历期对齐
经营现金流LBPLBY
| Q4 25 | $126.3M | $1.4M | ||
| Q3 25 | $34.9M | $10.1M | ||
| Q2 25 | $37.3M | $-3.9M | ||
| Q1 25 | $15.9M | $-7.6M | ||
| Q4 24 | $67.6M | $161.0K | ||
| Q3 24 | $7.5M | $-6.5M | ||
| Q2 24 | $16.0M | $-3.0M | ||
| Q1 24 | $17.2M | $-9.8M |
自由现金流LBPLBY
| Q4 25 | $122.0M | $1.1M | ||
| Q3 25 | $33.7M | $9.8M | ||
| Q2 25 | $36.1M | $-4.3M | ||
| Q1 25 | $15.8M | $-7.7M | ||
| Q4 24 | $66.7M | $-401.0K | ||
| Q3 24 | $7.1M | $-7.0M | ||
| Q2 24 | $15.7M | $-3.7M | ||
| Q1 24 | $17.1M | $-10.3M |
自由现金流率LBPLBY
| Q4 25 | 214.9% | 3.2% | ||
| Q3 25 | 66.3% | 33.8% | ||
| Q2 25 | 75.9% | -15.2% | ||
| Q1 25 | 36.0% | -26.5% | ||
| Q4 24 | 182.6% | -1.2% | ||
| Q3 24 | 25.1% | -23.7% | ||
| Q2 24 | 60.4% | -14.8% | ||
| Q1 24 | 90.1% | -36.5% |
资本支出强度LBPLBY
| Q4 25 | 7.5% | 0.8% | ||
| Q3 25 | 2.3% | 1.1% | ||
| Q2 25 | 2.6% | 1.4% | ||
| Q1 25 | 0.2% | 0.1% | ||
| Q4 24 | 2.7% | 1.7% | ||
| Q3 24 | 1.1% | 1.5% | ||
| Q2 24 | 1.4% | 2.6% | ||
| Q1 24 | 0.5% | 2.1% |
现金转化率LBPLBY
| Q4 25 | 15.68× | 0.39× | ||
| Q3 25 | 4.31× | 22.02× | ||
| Q2 25 | 4.98× | — | ||
| Q1 25 | 2.46× | — | ||
| Q4 24 | 1.37× | — | ||
| Q3 24 | 2.80× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 1.60× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
LB
暂无分部数据
PLBY
| Transferred At Point In Time | $22.2M | 64% |
| Trademark Licensing | $6.5M | 19% |
| Related Party | $5.0M | 14% |
| Other | $1.1M | 3% |
